Nottingham Building Society is undoubtedly one of your most important clients for conveyancing work.
Can you be sure that you are adhering to the instructions as a practice on the Nottingham Building Society conveyancing panel?
It’s not a bad idea to bring in your own external auditors who may conduct your CQS audits but Lexsure is uniquely positioned to conduct a comprehensive lender panel compliance audit for your conveyancing files where Nottingham Building Society are the lender.
Our comprehensive database of Nottingham Building Society Handbook instructions enables us to review a law firms’ conveyancing cases whilst on the Nottingham Building Society conveyancing panel retrospectively and in much the same way as Nottingham Building Society would.
Our panel of expert auditors objectively review making use of propriety templates and Lender P2 archives whether each transaction breached your contractual obligations at the point that the Certificate of Title was signed off.
In the absence of your search company offering the service as part of your account management the fee for a Nottingham Building Society compliance panel audit is £1,975+VAT. Our team will audit nine remortgage or purchase files involving Nottingham Building Society, which we can randomly select by tenure (e.g. leasehold) date or a mix variables.
At the end of the audit, we will supply you with a full written compliance profile for your transactions with Nottingham Building Society and a baseline risk summary. We can also meet with you to explain our expert findings and recommendations in a formal debrief. Audit follow-up can be scheduled. Our office will contact the appropriate personnel to request the status of planned actions. No more than two lender conveyancing panel audits may be requested by a practice in a twelve month period.
Lexsure’s Conveyancing Audit Scheduling System (LCASS) enables your firm to select the date, time and location of a Nottingham Building Society conveyancing panel compliance audit. The system is available 24/7, which eliminates most instances where you have to wait for business hours to contact Lexsure to schedule or rebook a Nottingham Building Society panel compliance audit. Please note that before accepting a Nottingham Building Society conveyancing panel compliance audit we have to conduct a conflict check. It is sometimes not possible for Lexsure to conduct a Nottingham Building Society panel compliance audit
Where commissioned by your firm Lexsure has no duty to report breaches to Nottingham Building Society and we will ensure the results of your audit are completely confidential.